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NYVCA and PitchBook Launch First Report: New York Venture Capital Snapshot

May 04, 2015

PitchBook releases its first co-published quarterly review of venture capital activity and trends in New York

NEW YORK—The New York Venture Capital Association (NYVCA) broadens its partnership with PitchBook Data, Inc., a leading financial data and technology provider, with the release of its first co-published report, New York Venture Capital Snapshot, to be distributed quarterly. Using data sourced from the PitchBook Platform, these co-published industry reports will examine the current state of venture capital (VC) activity in New York, including fundraising by NY-based VC firms, private company valuations by series, exits and more. Through this added resource, members of NYVCA will have access to the most comprehensive and up-to-date data on venture capital in their market. Highlights from the first report can be found below.

New York Venture Capital Snapshot

Median Series B valuations of New York-headquartered startups went from $27.5 million in 2013 to $46.1 million in 2014, a nearly 68 percent increase

Median Series B size went from $7 million in 2012 to $10 million in 2014, and hit $17 million in the first quarter of 2015

There were no fewer than 243 VC exits of New York companies from 2012 to the end of 2014

NYVCA has created a network of entrepreneurs and professionals in the VC space to support and sustain economic growth in New York and to further position NY as a hub for entrepreneurs and innovation. NYVCA supports its members through a number of programs and well-tailored events that range from thematic CEO and VC Dinner Series and half-day summits on developing industries, to providing data and deal flow information through trusted resources like the New York VC Snapshot. Representing 99 percent of VC funds in the region and boasting an impressive board of directors, NYVCA provides its members with invaluable opportunities to source investment capital, network with industry professionals and build relationships with local business leaders.

“Keeping our members informed about the latest trends and developments in the New York venture capital space is key to the success of our association and the success of its members,” says Kimberly Racciato, Executive Director of NYVCA. “And now, with the help of PitchBook and its complete coverage of the private financial markets, our members will be completely up-to-date on venture capital activity and trends in New York.”

PitchBook is an information and technology provider to professionals in the private financial markets. In addition to their core product, the PitchBook Platform, they offer a series of quarterly and annual industry reports, daily newsletters and consistent analysis on the private financial markets. All reports and analyses, including the New York Venture Capital Snapshot, are powered by the PitchBook Platform, which provides growing data on nearly 331,500 deals, 29,700 funds, 17,000 LPs and 20,000 advisors to professionals in the global M&A, PE and VC markets.

“We are excited to expand our relationship with NYVCA in a way that further delivers on our mission as a company,” says John Gabbert, CEO and founder of PitchBook Data, Inc. “Through this added component of our longstanding partnership, we hope to empower professionals within the private financial markets to make more informed, data-driven business decisions that will help to build the great companies of tomorrow—not just in New York, but globally, too.”